HCW Biologics Third Quarter 2024 Earnings: US$0.10 loss per share (vs US$0.14 loss in 3Q 2023)

HCW Biologics (NASDAQ:HCWB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$426.4k (down 50% from 3Q 2023).
• Net loss: US$3.90m (loss narrowed by 21% from 3Q 2023).
• US$0.10 loss per share (improved from US$0.14 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HCW Biologics Earnings Insights

Looking ahead, revenue is forecast to grow 84% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are down 20% from a week ago.

Risk Analysis

Be aware that HCW Biologics is showing 8 warning signs in our investment analysis and 4 of those are potentially serious...

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